Commission statement on aid for Opel Europe

Published: 23 September 2009 y., Wednesday

Ant automobilio „Opel“ emblemos nukritę rudeniniai lapai
The European Commission has repeatedly underlined that the restructuring plan of new Opel Europe must guarantee that the company will be viable in the future. Any financial support by public authorities must fully comply with the EU's state aid and internal market rules.

The European Commission has already stated that it will carefully examine whether the German authorities have attached – de jure or de facto - additional non-commercial conditions to their aid for New Opel concerning the location of investments and/or the geographic distribution of restructuring measures. The Commission will also examine indications that negotiations are taking place with a number of European governments concerning financial support linked to the number of workers finally retained by New Opel in each Member State, and is in touch with the relevant national authorities.

The European Commission will not accept that State aid granted under the Temporary Framework is conditional upon the implementation of a specific business plan, previously discussed and/or negotiated with Member States, which defines the geographic distribution of restructuring measures, without leaving to the beneficiary undertakings the possibility to revise their plans if necessary.

State funding under the Temporary Framework is meant to tackle the financing problems due to the credit crunch, and cannot be used to impose political constraints concerning the location of production activities within the internal market. The beneficiary undertakings must therefore retain full freedom to develop their economic activities in the internal market.


 

Šaltinis: europa.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

EBRD funds strategic motorway in Serbia

The EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X. more »

IMF Completes First Review Under Stand-By Arrangement with Romania

The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA). more »

IMF Executive Board Approves US$21.5 Million PRGF Arrangement for the Union of the Comoros

The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros. more »

IMF Executive Board Completes Second Review Under Stand-By Arrangement with Mongolia

The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA). more »

Parex banka establishes subsidiary for real estate management

Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business. more »

Prime Minister Andrius Kubilius: a more intensive dialogue between the EU and Belarus is a chance for all of us

In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe... more »

Verizon Business SMB Solutions Team Advances Collaboration Capabilities for Juvenile Diabetes Research Foundation

JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents. more »

AB Bank SNORAS group acquired “Finasta” group

On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”. more »

Bernanke: recession likely over

Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time. more »

European economy recovering sooner than expected

Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading. more »